HNA's chairman dies; US-China tariffs countdown; China promoting US-Europe splittism; RMB bounces, Xi wants a cadre self-revolution; No "excessive" deleveraging

Good morning from DC. It is the July 4 holiday in the US so today's newsletter is very brief. 

Here are the top things I am watching about China today:

  • HNA chairman Wang Jian died from a fall in France. This tragedy will only make creditors, partners and shareholders more nervous about HNA's fate;

  • The RMB bounced back as the PBoC officials' statements seem…

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